简单看了看印度股市，过去几年真不少涨。
但，相比日本股市基本合理的估值，印度股市现在绝对是泡沫期。
但，放眼全球，总是好的。多思考人家为什么涨，哪些涨的好。他山之石，可以攻玉。
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1，Varun Beverages
Varun Beverages是百事可乐在印度的瓶装和分销商。
2018-2023涨幅：1088%
过去5年收入变成2.3x，经营利润变成3.5x，净利润变成6.0x。估值变成1.7x。
目前P/E 82倍。
下面这段挺有意思，大意就是印度政府开始重视修路和建电网，基础设施的改善使得不少零售店小卖部可以装冰箱了，从而带动了碳酸饮料的销量。
the overall infrastructure push by the government—by improving road connectivity and rural electrification—aided VBL’s business. Better road infrastructure helped it reach remote locations at lower costs, and the improving electricity supply in rural areas across north India meant VBL could put its freezers at retail outlets that had poor electricity connections earlier.
After all, placing chilled bottles of colas in the neighbourhood is one of the most effective ways to lure consumers. “For many FMCG players, the rural market is not performing well. But with better infrastructure, we are now moving deeper into the hinterlands, which were earlier unattended. This is also boosting our growth,” he says. Cashing in on the opportunity, VBL has added 500,000 outlets under its fold in the past 12 months—taking its total outlet reach to 3.5 million stores.
2，BSE，印度交易所
2021-2023涨幅：958%
印度交易所过去三年收入增长70%，经营利润增长150%。估值增长300%。
目前P/E 70x。
不得不说，印度交易所这个页面，一股咖喱味。
3，Radico Khaitan Limited
印度威士忌、伏特加等烈酒制造商。
2013-2023涨幅：1027%
过去十年收入利润翻3倍，估值翻3倍。
目前P/E 93x。
4，Campus Active
印度平价运动鞋公司。这个上市的时候我看过。
过去三年收入翻一倍，利润翻一倍。
最近跌破发行价了，但目前 P/E 还有 87x。
